Unsaturated polyester resins (UPRs) are chemicals made by the condensation of unsaturated acids and diols with or without di-acids. These resins make very durable structures and coatings when they are cross-linked with a vinyl reactive monomer. UPRs are made for a broad range of temperature applications like refrigerated enclosures and hot water geysers, among others. UPRs are employed for making a large variety of products like sanitary ware, tanks, and high-performance elements for the construction, automotive, and other businesses. UPRs are chosen over metallic counterparts, like steel and aluminum, owing to ease of design & fabrication and price-effectiveness. The global market was valued close to USD 10.28 billion at the end of 2020 and is estimated to rise at a CAGR of 5.81% to reach around USD 13.63 billion over the foreseen period.
Market drivers and restraints:
Orthopthalic UPR is generally employed in building and construction businesses. This segment is expected a high expansion in future, owing to fast urbanization and escalating population, promoting the growth of the UPR market. DCPD resins segment is forecast to showcase lucrative extension due to uses in automotive bumpers, air spoilers, fenders, off-highway bonnets, body panels, and coach front & rear body panels. Nevertheless, fluctuations in the cost of raw materials, like glycols, maleic anhydride, and styrene, among others, is estimated to restrain the expansion of the world UPR market during the envisioned period.
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Report segmented as:
By end use:
• Wind energy
• Building and construction
• Land transportation
• Pipes and tanks
• Artificial stone
• Electrical and electronics
The Unsaturated Polyester Resins market is segmented on the basis of regions into North America, Europe, Asia-Pacific, and Latin America and Middle East and Africa. The Asia Pacific region holds the highest share of the global UPR market, in terms of value and volume.
Important market players:
Major players operating in the global market are BASF SE, Dow Chemical Company, Ashland, Inc., and Swancor, AOC LLC, E. I. du Pont de Nemours and Company, Reichhold LLC, DSM, and Lanxess Aktiengesellschaft.
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